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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #19,701
  • Jan 17, 2012 2:52am Jan 17, 2012 2:52am
http://quotes.ino.com/chart/index.ht...X&t=&a=&w=&v=i
  • #19,702
  • Jan 17, 2012 2:57am Jan 17, 2012 2:57am
today auction result eyed....

Spain to auction up to 5 bln 12 and 18 month letras
Results due around 09:40 GMT

Greece to sell up to 1.25 bln of new 3 month t-bill
Result due around 10:15 GMT

Belgium will sell 1.8 bln 3 month t bills and 1.2 bln of new 1 year t bill
Results due around 10:40 GMT

EFSF is due to issue up to 1.5 bln of a new 6 month t bill
Result due around 11:10 GMT.
Bismillah
  • #19,703
  • Jan 17, 2012 3:29am Jan 17, 2012 3:29am
Quoting knoholygrail
The news has been terrible all morning as I read it on Oanda FX Trade news. Let;s see where the markets trade in New York. The rise was stops being hit and short covering. Now we see where we are at 6:00 AM EST and news out of Europe shortly.
the thing about short covering argument is that many traders are short from 5+ cents up. yeah, the intraday retailers who shorted at 2650 are hurting a bit but bigger positions arent going anywhere. it doesnt matter how much liquidity the ECB hands out; ecb gives money to banks to buy sovereign debt but the banks are still insolvent and bond yields are still unsustainable. unless I am missing something, this wont bode well.

61.8% will probably cap this movement unless something additionally positive moves in early NY
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Any prices quoted are futures
  • #19,704
  • Jan 17, 2012 3:32am Jan 17, 2012 3:32am
Quoting redteamgo
the thing about short covering argument is that many traders are short from 5 cents up. yeah, the intraday retailers who shorted at 2650 are hurting a bit but bigger positions arent going anywhere. it doesnt matter how much liquidity the ECB hands out; ecb gives money to banks to buy sovereign debt but the banks are still insolvent and bond yields are still unsustainable. unless I am missing something, this wont bode well.

61.8% will probably cap this movement unless something additionally positive moves in early NY
Good chart looks like a cup formation ..if true then a downward handle is what I'm missing !
  • #19,705
  • Jan 17, 2012 3:34am Jan 17, 2012 3:34am
Quoting GoldMan.
Don't make your life too hard.
Hy Goldielocks, are you waiting for supply to get hit? It's been hitting it's head on it for the past few hours. Or are you having your way with DAXielocks again?
  • #19,706
  • Jan 17, 2012 3:42am Jan 17, 2012 3:42am
Quoting Tyoon
Hy Goldielocks, are you waiting for supply to get hit? It's been hitting it's head on it for the past few hours. Or are you having your way with DAXielocks again?
Still hoping to see it hit into that supply zone. If it makes it then looking how it will react in there.
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  • #19,707
  • Jan 17, 2012 3:45am Jan 17, 2012 3:45am
Quoting GoldMan.
Still hoping to see it hit into that supply zone. If it makes it then looking how it will react in there.
i am waiting for that same zone.. it seems to be struggling to get there. i have had an established position for some time so i would rather wait for confirmation than aggressively sell into that zone
Any prices quoted are futures
  • #19,708
  • Jan 17, 2012 4:10am Jan 17, 2012 4:10am
Quoting GoldMan.
Still hoping to see it hit into that supply zone. If it makes it then looking how it will react in there.
Opps, the news punctured the zone. Well there is still sack loads of supply further up. Germany has released good reports and good Spanish auction results.
  • #19,709
  • Jan 17, 2012 4:13am Jan 17, 2012 4:13am
Quoting Tyoon
Opps, the news punctured the zone. Well there is still sack loads of supply further up. Germany has released good reports and good Spanish auction results.
Don't get too excited sunshine, it's still in a supply.
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  • #19,710
  • Jan 17, 2012 4:16am Jan 17, 2012 4:16am
So as technically expected the euro has corrected to its 61.8% of the last move on Friday. 1.2850 is now open but I think this hourly candle should hold the info we are waiting for. So if it closes below the level 61.8% i will await a FS on the 10min chart to short, if this does not happen i will await to see how much higher the bulls wanna take us LOL
Cheers!!
  • #19,711
  • Jan 17, 2012 4:26am Jan 17, 2012 4:26am
Quoting PipsMaster23
So as technically expected the euro has corrected to its 61.8% of the last move on Friday. 1.2850 is now open but I think this hourly candle should hold the info we are waiting for. So if it closes below the level 61.8% i will await a FS on the 10min chart to short, if this does not happen i will await to see how much higher the bulls wanna take us LOL
Historical Supply Zone (Resistance) ..need to chk few candles when NY is open that may decide if EU is going to stay above 61.8 ... in that case pair is carrying potential risk for the Sellers ... otherwise falling below 1.28 will attract mass sale.
  • #19,712
  • Jan 17, 2012 4:35am Jan 17, 2012 4:35am
..btw ... BUY entry with PipTrapper_CCI has TP hit for one position (100 pips @ 1.2765) and other half is running with 50 pips Trailing Stop.


Note : Entry was only envisioned.
  • #19,713
  • Jan 17, 2012 4:40am Jan 17, 2012 4:40am
Quoting GoldMan.
Don't get too excited sunshine, it's still in a supply.
Ahh, you marked out 1.28 RN as the top of your supply. Nicely done darling. Marked out mine a little differently.

Tut, need a little more practise aye.

..
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  • #19,714
  • Jan 17, 2012 4:46am Jan 17, 2012 4:46am
Quoting Tyoon
Ahh, you marked out 1.28 RN as the top of your supply. Nicely done darling. Marked out mine a little differently.

Tut, need a little more practise aye.

..
Nom nom nom

But i'm not surprised if it breaks it later, let's see.
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  • #19,715
  • Jan 17, 2012 4:51am Jan 17, 2012 4:51am
Quoting GoldMan.
Nom nom nom
Lol, your not eating my lunch money today Goldie. One of these day I will be teaching you a thing or two... just you wait. I'll be getting your lunch money
  • #19,716
  • Jan 17, 2012 4:53am Jan 17, 2012 4:53am
Quoting Tyoon
Lol, your not eating my lunch money today Goldie. One of these day I will be teaching you a thing or two... just you wait. I'll be getting your lunch money
You don't know me, I can be cute but cruel

Inserted Video
  • #19,717
  • Jan 17, 2012 4:55am Jan 17, 2012 4:55am
Quoting GoldMan.
You don't know me, I can be cute but cruel

http://www.youtube.com/watch?v=SMWi7CLoZ2Q
HAHAHAHA! That made me crack up. Just need those cuties to be numnuming on some apple pips and it would be perfect.
  • #19,718
  • Jan 17, 2012 4:57am Jan 17, 2012 4:57am
Quoting Tyoon
HAHAHAHA! That made me crack up. Just need those cuties to be numnuming on some apple pips and it would be perfect.
  • #19,719
  • Jan 17, 2012 4:59am Jan 17, 2012 4:59am
http://www.lapasserelle.com/billets/greek_crisis.html


Table of contents

I The problem
data on Greece
adoption of a common currency in Europe
continued Greek budget and trade deficits, borrowing euros
threat of default
monetary straitjacket
II The solution
what will happen next? - a local currency
when a local money is already there, unnoticed
what is this local money already there? A bit of theory
system of signs in the same clearinghouse system
III What is money?
money is a spontaneous social phenomenon
implicit money
internal and external currencies
arguing for a new monetary organization
how to handle a multiplicity of currencies
IV The critics
the point of view of experts, lenders and European officials
what to think of the opinion of bankers?
the contribution of scholars
V The mistaken comparison between France and Germany
the case of Germany
German and French debts are quite different

VI Greece revisited
Greece is not leaving the euro
a "historical solution" to rescue Greece
history repeats itself, let's remember Argentina in the 1990's and in the 1880's
other examples of the failure of tight monetary policies abound: eg England 1925 - 1931
Europe does what it reproached Greece for doing
a realistic partial solution for Greece

VII The worldwide monetary problem, and its solution
the case of China
why China wants that the future world currency replacing the dollar be managed by the IMF
how is a new currency issued
a new private international currency

Thijs
Inflation in things we need, Deflation in things we want.
  • #19,720
  • Jan 17, 2012 5:01am Jan 17, 2012 5:01am
prepare myself for attending rekon wedding party
If there was easy money lying around,no one would be forcing it into your
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